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The United Kingdom contract furniture and furnishing market size reached a value of USD 2.72 Billion in 2024, owing to the growing use of furniture in commercial spaces.
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The United Kingdom Office Furniture Market Report is Segmented by Product (Chairs, Tables, Storage Units, and More), Material (Wood, Metal, and More), Price Range (Economy, Mid-Range, Premium), End-User (Corporate Offices, Healthcare Offices, and More), Distribution Channel (B2C/Retail, B2B/Directly From Manufacturers), and Geography (England, Scotland, and More). The Market Forecasts are Provided in Terms of Value (USD).
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United Kingdom Furniture Market was valued at USD 21.89 Billion in 2024 and is anticipated to grow USD 30.11 Billion by 2030 with a CAGR of 5.46%.
Pages | 85 |
Market Size | 2024: USD 21.89 Billion |
Forecast Market Size | 2030: USD 30.11 Billion |
CAGR | 2025-2030: 5.46% |
Fastest Growing Segment | Online |
Largest Market | England |
Key Players | 1. John Lewis plc 2. Barker and Stonehouse Ltd 3. Furniture Village Limited 4. Beyond Furniture 5. IKEA Limited 6. DFS Furniture plc 7. Dunelm Group PLC 8. Wayfair LLC 9. Steve Bristow Stone Masonry Limited 10. Heal's (1810) Ltd |
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European furniture manufacturing revenue is slated to grow at a compound annual rate of 2.7% over the five years through 2025. A recent turbulent economic climate has weighed on furniture manufacturers' growth levels. Challenges initially stemmed from the COVID-19 pandemic but worsened with inflationary pressures. Macroeconomic headwinds weakened demand for new construction projects across most European countries in 2023 and 2024, reducing the number of new spaces that required furnishing. Businesses have increasingly preserved cash and opted to postpone or cancel significant construction projects, especially after interest rates were hiked to help combat soaring inflation, causing the cost of borrowing to spike. This dampened demand for furniture manufacturers, causing revenue growth to stagnate. Inflationary pressures also weakened disposable incomes and caused people to cut their discretionary spending, limiting furniture purchases. In 2025, revenue is expected to rise slightly by 0.9% to €175.8 billion. Revenue growth is supported by the improving global economic climate, easing inflation and falling interest rates. This is helping to lift consumer confidence, albeit the cost of living pressures are still on the mind of consumers and this is helping to lift spending on furniture slowly in faster-growing European countries like Spain. Construction activity is also increasing in Spain and Eastern Europe, with building permits on the rise again. More commercial and residential buildings will help boost furniture demand from new homeowners and corporate companies looking to fit out their offices. Still, in countries like Germany, the construction sector has a long road to recovery, which is continuing to subdue revenue growth in 2025. Over the five years through 2030, revenue is forecast to expand at a compound annual rate of 4.7% to reach €221.7 billion. The European economy is forecast to continue to improve as inflation eases, prompting central banks to lower interest rates. As interest rates fall, the cost of borrowing will follow suit, driving up the number of people meeting the affordability criteria for mortgages and spurring new construction activity from housebuilders, which will create a greater need for new furniture. Businesses will also be more likely to undertake significant construction projects and buy new furniture, creating more revenue opportunities for furniture makers.
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The United Kingdom furniture industry, valued at £27.17 billion in 2025, is projected to experience steady growth, with a compound annual growth rate (CAGR) of 3.02% from 2025 to 2033. This growth is driven by several key factors. A rising population and increasing urbanization contribute to a sustained demand for new homes and furnishings. Furthermore, the trend towards home improvement and interior design, fueled by increased disposable income and a focus on creating comfortable living spaces, significantly boosts the market. The growing e-commerce sector also plays a crucial role, offering consumers wider selection and convenience, thereby driving sales. However, challenges remain. Fluctuations in raw material costs, particularly timber and other imported components, can impact profitability. Additionally, economic uncertainty and potential shifts in consumer spending habits could moderate growth in certain segments. Competition among established players like IKEA, Modus Furniture, and smaller independent retailers is intense, demanding continuous innovation and effective marketing strategies. The market segmentation is diverse, encompassing various product categories such as residential furniture (sofas, beds, dining sets), office furniture, and outdoor furniture. Different price points and styles cater to various consumer segments, ranging from budget-conscious buyers to those seeking high-end, bespoke pieces. Geographic variations exist within the UK, reflecting differing income levels and housing styles across regions. The industry is likely to see further consolidation in the coming years, with larger players potentially acquiring smaller businesses to enhance market share and economies of scale. Sustainability and environmentally friendly manufacturing practices are gaining increasing importance, with consumers showing a preference for furniture made from recycled or sustainably sourced materials. This trend is influencing both production processes and product design within the industry. Key drivers for this market are: Increasing Real-Estate Industry Is Driving The Market, Export of Furniture From UK Is Driving The Market. Potential restraints include: Fluctuating Price of Raw Materials, Limitations in Supply Chain Restraints The Market Growth. Notable trends are: Increasing Real-Estate Industry is Driving the Market.
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The European luxury furniture market is poised for robust growth, projected to reach an estimated USD 11.78 billion by 2025. Driven by an increasing disposable income among affluent consumers, a growing appreciation for artisanal craftsmanship, and a rising demand for personalized and sustainable furniture solutions, the market is expected to expand at a Compound Annual Growth Rate (CAGR) of 6.24% during the forecast period of 2025-2033. Key growth enablers include a heightened focus on interior aesthetics and home renovation projects, particularly within residential segments, and a significant uplift in commercial spaces seeking to create exclusive and sophisticated environments. The trend towards premium materials, innovative designs, and smart furniture integration further fuels market expansion. Europe, with its rich heritage of design and a strong consumer base for high-end products, represents a crucial and dynamic market. The market's expansion will be shaped by a diverse range of product segments, with lighting, tables, chairs, sofas, and accessories anticipated to lead the demand. While high-end home centers and flagship stores continue to be significant distribution channels, online platforms are rapidly gaining traction, offering greater accessibility and a wider selection to discerning customers. Geographically, countries like Italy, France, and the United Kingdom are expected to remain dominant players, owing to their established luxury brands and discerning consumer preferences. However, emerging markets within Eastern Europe also present substantial growth opportunities. Challenges such as the high cost of raw materials and production, along with the intricate supply chain dynamics, may present some restraints, but the overarching demand for premium, durable, and aesthetically superior furniture is set to propel this market forward, reflecting a sustained consumer desire for exclusivity and quality in their living and working spaces. Key drivers for this market are: The higher demand for space-saving and modular furniture solutions, Increasing demand for luxurious home furniture. Potential restraints include: Growing Demand for Second-hand furniture, High labor costs. Notable trends are: E-commerce Transforming Europe's Luxury Furniture Market.
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The Europe Luxury Furniture Market Report is Segmented by Application (Luxury Home Furniture, Luxury Office Furniture, and More), Material (Wood, Metal, Glass, and More), Distribution Channel (B2C/Retail, B2B/Project), and Geography (Germany, France, and More). The Market Forecasts are Provided in Terms of Value (USD).
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Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period
ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2017-2030 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2025-2030 |
HISTORICAL PERIOD | 2017-2024 |
UNIT | VALUE (USD MILLION) |
KEY COMPANIES PROFILED | Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, Teknion, Knoll, Kimball International, KI, Kinnarps Holding, Nowy Styl, Ahrend, Henglin Chair Industry, Flokk, Fursys, SUNON, Uchida Yoko, Changjiang Furniture Company, Sedus Stoll, EFG Holding, Aurora, Bene, Quama, Martela, USM Holding, SUNON, Quama, Others |
SEGMENTS COVERED | By Product Type - Wooden Furniture, Metal Furniture, Other By Application - Household, Enterprises, Healthcare, Educational, Others By Sales Channels - Direct Channel, Distribution Channel By Geography - North America, Europe, Asia-Pacific, South America, Middle East and Africa |
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The upholstered furniture market is experiencing robust growth, driven by increasing disposable incomes, a preference for comfortable and stylish home furnishings, and the rising popularity of home improvement and renovation projects. The market's expansion is further fueled by innovative designs, the incorporation of sustainable materials, and the integration of smart home technology into furniture pieces. While the exact market size for 2025 is unavailable, considering a typical CAGR of 5-7% (a reasonable estimate for this sector given its consistent growth) and a hypothetical 2019 market size of $15 billion, we can project a 2025 market size in the range of $20-22 billion. This growth, however, faces certain challenges. Fluctuations in raw material prices, particularly lumber and textiles, can impact production costs and profitability. Furthermore, intense competition among established players and the emergence of new entrants necessitates continuous innovation and efficient supply chain management. Key segments within the market, likely encompassing residential and commercial applications along with variations in material and style (e.g., leather, fabric, modern, traditional), are exhibiting different growth rates, with the residential sector potentially showing higher growth due to increased housing demand. Major players like Rowe Furniture, England Furniture, Lazar, Norwalk Furniture, United Furniture Industries, Lee Industries, Mayo Manufacturing, and Palliser Furniture Upholstery Ltd. are competing through product diversification, strategic partnerships, and expansion into new markets. The adoption of e-commerce channels and direct-to-consumer models is transforming the sales landscape. Future growth will be significantly influenced by consumer preferences for sustainable and ethically sourced materials, personalized design options, and the ability of manufacturers to cater to these evolving demands. A focus on customization and integration of technology within upholstered furniture will be key differentiating factors for success. The market's ongoing expansion will likely be supported by a continued focus on providing high-quality, durable, and stylish furniture that aligns with evolving consumer tastes and lifestyles.
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Property-Plant-and-Equipment-Gross Time Series for RH. RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It operates through three segments: RH Segment, Waterworks, and Real Estate. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as operates RH galleries, RH outlet stores, RH guesthouses, RH Interior design office, and waterworks showrooms. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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Interest-Expense Time Series for RH. RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It operates through three segments: RH Segment, Waterworks, and Real Estate. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as operates RH galleries, RH outlet stores, RH guesthouses, RH Interior design office, and waterworks showrooms. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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Long-Term-Investments Time Series for RH. RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It operates through three segments: RH Segment, Waterworks, and Real Estate. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as operates RH galleries, RH outlet stores, RH guesthouses, RH Interior design office, and waterworks showrooms. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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Free-Cash-Flow-To-Equity Time Series for RH. RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It operates through three segments: RH Segment, Waterworks, and Real Estate. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as operates RH galleries, RH outlet stores, RH guesthouses, RH Interior design office, and waterworks showrooms. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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License information was derived automatically
Dividends-Paid Time Series for RH. RH, together with its subsidiaries, operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It operates through three segments: RH Segment, Waterworks, and Real Estate. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It sells its products through hospitality, websites, sourcebooks, and trade and contract channels, as well as operates RH galleries, RH outlet stores, RH guesthouses, RH Interior design office, and waterworks showrooms. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was founded in 1980 and is headquartered in Corte Madera, California.
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The United Kingdom contract furniture and furnishing market size reached a value of USD 2.72 Billion in 2024, owing to the growing use of furniture in commercial spaces.